Showing 1 - 10 of 20
Persistent link: https://www.econbiz.de/10001936347
currency pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a … country's macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports …
Persistent link: https://www.econbiz.de/10001675330
Persistent link: https://www.econbiz.de/10001591423
We extend a standard New Keynesian model both to incorporate heterogeneity in spending opportunities along with two sources of (potentially time-varying) credit spreads and to allow a role for the central bank's balance sheet in determining equilibrium. We use the model to investigate the...
Persistent link: https://www.econbiz.de/10008636146
This paper develops a forward-looking model for import demand under a foreign exchange constraint, in which import growth is an increasing function of contemporaneous and expected future export growth. ; Unlike existing models which stress the role of foreign exchange reserves and...
Persistent link: https://www.econbiz.de/10005717192
Dramatic changes are occurring in the nature of international trade. Production processes increasingly involve a sequential, vertical trading chain stretching across many countries, with each country specializing in particular stages of a good's production sequence. We document a key aspect of...
Persistent link: https://www.econbiz.de/10005526268
. Aggregate data on prices and quantities of imports, outputs, and factor supplies are constructed from disaggregate sources. The … final goods prices. In contrast, imports have played a negligible direct role. …
Persistent link: https://www.econbiz.de/10005526274
In the evolving analysis of global imbalances, the possibility that countries will resort to increased protectionism is often mentioned but rarely analyzed. This paper attempts to fill that gap, examining the macroeconomic implications of a shift to protectionist policies through the lens of a...
Persistent link: https://www.econbiz.de/10005420533
With "home bias," a consumer differentiates between domestic goods and imports and tends to purchase the domestic …, thus making imports prohibitively expensive? Is there some inherent distrust of a foreign product? ; This paper probes the … tendency to purchase domestic goods rather than imports arises almost entirely from pure locational factors. The ad valorem …
Persistent link: https://www.econbiz.de/10005420538
pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a country …'s macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports of twenty …
Persistent link: https://www.econbiz.de/10005420564